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Bob and Anne Bass spend $42 million for New York apartment

Fort Worth billionaire Robert M. Bass and wife Anne have paid $42 million for a co-op apartment in Manhattan that takes up half the 12th floor of its pre-World War II, Upper East Side building, according to New York media reports that cite deed records. According to the New York Observer, the property was originally listed at $34 million including furnishings, and at $42 million would have been the fourth most expensive residence sold in New York City last year.

It would be hard to spend that much on a home in Fort Worth. The Basses' Westover Hills residence, even at 16,500 square feet, is only valued at $8.35 million by the Tarrant Appraisal District. Dallas Mavericks owner Mark Cuban's North Dallas manses checks in at a mere $17.6 million, according to the Dallas Central Appraisal District.

The Basses' new neighbors at the 834 Fifth Ave. property include News Corp. Chairman Rupert Murdoch and Charles Schwab, the founder of his namesake investment company, according to Bloomberg News, which said Bass declined to comment through spokeswoman Marcia Horowitz.

-- Jim Fuquay



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